Magnetar Financial LLC Makes New Investment in Franklin Covey Co. (NYSE:FC)

Magnetar Financial LLC purchased a new position in shares of Franklin Covey Co. (NYSE:FC) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,198 shares of the business services provider’s stock, valued at approximately $271,000. Magnetar Financial LLC owned about 0.05% of Franklin Covey at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC boosted its holdings in Franklin Covey by 178.9% in the third quarter. Barclays PLC now owns 33,499 shares of the business services provider’s stock valued at $1,379,000 after purchasing an additional 21,489 shares during the last quarter. State Street Corp lifted its holdings in Franklin Covey by 2.4% during the 3rd quarter. State Street Corp now owns 255,328 shares of the business services provider’s stock worth $10,502,000 after buying an additional 5,955 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Franklin Covey during the 4th quarter worth approximately $2,186,000. BNP Paribas Financial Markets lifted its holdings in Franklin Covey by 146.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 12,810 shares of the business services provider’s stock worth $527,000 after buying an additional 7,606 shares during the last quarter. Finally, Dean Investment Associates LLC bought a new position in Franklin Covey during the 3rd quarter worth approximately $2,259,000. 69.88% of the stock is currently owned by institutional investors and hedge funds.

Franklin Covey Trading Down 0.4 %

Shares of NYSE FC opened at $28.41 on Monday. The company has a market cap of $374.90 million, a price-to-earnings ratio of 19.33, a price-to-earnings-growth ratio of 1.74 and a beta of 1.29. Franklin Covey Co. has a 12-month low of $27.97 and a 12-month high of $44.46. The company has a current ratio of 0.97, a quick ratio of 0.94 and a debt-to-equity ratio of 0.03. The stock’s 50 day simple moving average is $33.48 and its 200 day simple moving average is $36.72.

Franklin Covey (NYSE:FC) last posted its earnings results on Wednesday, January 8th. The business services provider reported $0.09 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.13). Franklin Covey had a net margin of 6.85% and a return on equity of 25.23%. Equities research analysts expect that Franklin Covey Co. will post 0.97 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on FC shares. Barrington Research reissued an “outperform” rating and issued a $45.00 price target on shares of Franklin Covey in a report on Friday. StockNews.com downgraded Franklin Covey from a “strong-buy” rating to a “buy” rating in a report on Monday, January 13th.

Franklin Covey Company Profile

Franklin Covey Co provides training and consulting services in the areas of execution, sales performance, productivity, customer loyalty, and educational improvement for organizations and individuals worldwide. The company operates through Direct Offices, International Licensees, and Education Practice segments.